Overview
- Arkham data shows transfers of 2,201 BTC (about $192 million) and 7,557 ETH (about $22 million) from wallets tied to BlackRock to Coinbase Prime.
- The on-chain moves coincided with December 26 redemptions from spot Bitcoin ETFs totaling $275.88 million, including $192.61 million from iShares IBIT, according to SoSoValue.
- Ethereum products recorded $38.70 million in outflows the same day, with iShares ETHA posting $22.12 million in withdrawals, SoSoValue reported.
- Over the past week, crypto ETPs saw $446 million exit, while CoinShares tallied $3.2 billion in outflows since October 10 as year-end caution persisted.
- Despite selling pressure on BTC and ETH products, CoinShares reported inflows to XRP of $70.2 million and to Solana of $7.5 million, indicating investor rotation.